Global Ship Lease (GSL) has released an update.
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Global Ship Lease, Inc. reported a robust second quarter in 2024, with operating revenue and net income rising by 8.0% and 13.5% respectively, compared to the previous year. The company also announced a 20% increase in its quarterly dividend to $0.45 per share, reflecting confidence in its financial health and outlook. Credit rating upgrades and $402.7 million of new contracted revenue have positioned the company to leverage counter-cyclical opportunities and sustain long-term shareholder value.
For further insights into GSL stock, check out TipRanks’ Stock Analysis page.
